EURUSD 25 Jan 2024 W4 - Intraday Analysis - EU Rate / US GDPThis is my Intraday analysis on EURUSD for 25 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
3.
Bullish INT Structure after mitigating the 4H/Daily demand Zones.
As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
If it failed, there is a high probability that we will target the 4H Swing Low.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
INT INT Bearish
Pullback Phase
2.
Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday.
After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH.
Currently price reached the EQ and 15m/4H demand zones for potential continuation of the Bullish Swing and targeting the Weak Swing High.
The 4H Demand is big so be cautious of a deeper pullback within the Swing.
My expectations that we will continue Bullish as long we don't close below the 15m Swing Low.
3.
Extreme 15m Swing Demand.
